Converting an LLC to an S Corporation in Georgia

In this article, we will guide you through the process of converting a Limited Liability Company (LLC) to an S Corporation in Georgia. This process involves several steps, including filing the necessary paperwork with the Georgia Secretary of State's office and obtaining any required tax IDs.

1. Step 1: File Articles of Amendment with the Georgia Secretary of State's Office

   To convert your LLC to an S Corporation, you will need to file Articles of Amendment with the Georgia Secretary of State's office. This document will need to include the name of your LLC, the name of your S Corporation, and the reason for the conversion.

2. Step 2: Obtain an Employer Identification Number (EIN) from the IRS

   As an S Corporation, you will need to obtain an Employer Identification Number (EIN) from the IRS. This number will be used to identify your business for tax purposes.

3. Step 3: File Form 2553 with the IRS

   To elect S Corporation status, you will need to file Form 2553 with the IRS. This form will need to be signed by all shareholders of your S Corporation.

4. Step 4: File Form 1120S with the IRS

   As an S Corporation, you will need to file Form 1120S with the IRS. This form will need to be filed annually and will report your S Corporation's income, deductions, and credits.

5. Step 5: File Form 941 with the IRS

   As an S Corporation, you will need to file Form 941 with the IRS. This form will need to be filed quarterly and will report your S Corporation's payroll taxes.

6. Step 6: File Form 940 with the IRS

   As an S Corporation, you will need to file Form 940 with the IRS. This form will need to be filed annually and will report your S Corporation's unemployment taxes.

By following these steps, you can successfully convert your LLC to an S Corporation in Georgia. It is important to note that this process can be complex and may require the assistance of a qualified attorney or accountant.